RSS Feed
September 12th, 2015 
Awake Goy A report issued Thursday goes a long way to showing why.
The number of defaults on student debt have risen substantially over a 10-year time frame, according to research issued by the Brookings Institution, which incorporates data from the Federal Reserve.
Prices for a college or a graduate degree have soared. Student debt recently crossed the $1 trillion mark, according to separate data from the New York Federal Reserve. Student debt has now surpassed every form of debt in the US that is not a home loan.
According to another chart from Brookings, using Treasury data, students taking on debt aren’t doing it for an education in Berkeley or Cambridge. They are taking on debt for courses at for-profit online universities — notably the University of Phoenix, whose students were responsible for just $2.1 billion in debt in 2000.
Source Article from https://www.freedomsphoenix.com/News/183172-2015-09-11-washington-is-freaking-out-over-student-debt-and-this-chart.htm?EdNo=001&From=RSS
Related posts:
Views: 0
Posted in 
Tags: 
